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Paper takedown in Gold/Silver being attempted right now !

 
Pilatus

User ID: 1164558
United States
08/23/2011 12:50 PM
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Re: Paper takedown in Gold/Silver being attempted right now !
Cash, not Gold, is King in a Crash


GOLD & SILVER HERESY


In an economic collapse, people will seek refuge in paper currency, especially the $US. This happened in 2008 and it is happening again.

As the market tumbled this morning, gold was up $20 but gold stocks went down. Then Gold tumbled $40 from their highs before stabilizing down $14. The same happened with silver. It was up 50 cents and then down almost $3. Gold and silver stocks were down 6-12 per cent.

Gold and silver are just rocks. They are much more expensive to produce than paper and for that reason they are inferior as a medium of exchange i.e. coupon.

A gold bug sent me this:

"The financial crash will render worthless everything that is denominated in paper. Only real things will retain value, and the royalty of real things are gold and silver, for the simple reason that they are the most liquid, i.e. universally accepted."

I replied:


if "universally accepted" and "liquid" are the criteria , the US dollar is far better than either metals... people are going into cash today!



[link to www.henrymakow.com]
 Quoting: Anonymous Coward 1506159


Ben je nou echt zo dom?

Translation: Are you really that dumb?
 Quoting: Anonymous Coward 965290


Gold and Silver are essential rare earth materials necessary for advanced technology. Most of which is not public in knowledge in general main stream.

Aside from that, all paper believers are being give the shaft six ways to Sunday. In the markets, in their retirements accounts, and in physical possession of paper.
Holding something that's being watered down at 43% is highly questionable as to being king.

This and the attacks on the precious metals show one thing, an attempt at complete enslavement and nothing less.
Pilatus

User ID: 1164558
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08/23/2011 12:59 PM
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Re: Paper takedown in Gold/Silver being attempted right now !
FYI:)



Now that we know the Federal Reserve is a privately owned, for-profit corporation, a natural question would be: who OWNS this company? Peter Kershaw provides the answer in "Economic Solutions" where he lists the ten primary shareholders in the Federal Reserve banking system.

1) The Rothschild Family - London 2) The Rothschild Family - Berlin 3) The Lazard Brothers - Paris 4) Israel Seiff - Italy 5) Kuhn-Loeb Company - Germany 6) The Warburgs - Amsterdam 7) The Warburgs - Hamburg 8) Lehman Brothers - New York 9) Goldman & Sachs - New York 10) The Rockefeller Family - New York
Now I don't know about you, but something is terribly wrong with this situation. Namely, don't we live in AMERICA? If so, why are seven of the top ten stockholders located in FOREIGN countries? That's 70%! To further convey how screwed-up this system is, Jim Marrs provides the following data in his phenomenal book, "Rule By Secrecy.
" He says that the Federal Reserve Bank of New York, which undeniably controls the other eleven Federal Reserve branches, is essentially controlled by two financial institutions:
1) Chase-Manhattan (controlled by the Rockefellers) - 6,389,445 shares - 32.
3%
2) Citbank - 4,051,851 shares - 20.
5%
Thus, these two entities control nearly 53% of the New York Federal Reserve Bank. Doesn't that boggle your mind? Now, considering how many trillions of dollars are involved here, and how the bankers are WAY above our "selected" officials in Washington, D.C., do you think the above-listed banks and families have an inordinate amount of say-so in how our country is being run? The answer is blindingly apparent.

Where does the money come from?
We all know that the Federal Reserve CORPORATION prints money - then loans it, at interest, to our government. But wait until you see what a total scam this process is. But before we get to the meat of this issue, let's remember one thing about the very essence of banking - primarily that money should have some type of standard upon which its value is based. In the case of America, we operate on what is called a "gold standard" (i.e. our money is backed by gold).

So, with that in mind, let's look at how money is actually created, and at what cost. If the Federal Reserve wants to print 1,000 one-hundred ($100) bills, their total cost for ink, paper, plates, labor, etc. would be approximately $23.00 (according to Davvy Kidd in "Why A Bankrupt America"). Now, if you do the math, the total cost of 10,000 bills would be $230.00 ($.023 x 10,000). But, and here's the catch - 10,000 $100 bills equals $1,000,000! So, the Federal Reserve can "create" a million dollars, then LEND it to the U.S. Government (with interest) for a total cost of $230.
00! That's not a bad deal, huh!
The banking industry calls this process "seignorage." I call it outright THEFT. Why? Well, regardless of the immense profit margin ($1,000,000 for $230), plus the huge interest payments, our government then needs to STEAL the American people's money to payoff their debts via a Mob-like agency called the IRS. So the bankers steal from the government, then the government turns around and steals from the people. I'm no genius, but who do you think is getting screwed in this process? US - the people at the bottom rung of the ladder.

What's worse is that - now catch your breath - there's NO MORE gold left in Fort Knox! It's all gone. In other words, the GOLD STANDARD that our financial system was based upon is now an illusion. We can't convert our money into gold --- only other currency. The entire underlying basis for our money is now a lie - a sham. The Federal Reserve has become so arrogant that they've become a literal MONEY MAKING MACHINE, creating currency out of thin air! So that's where the Fed gets their money - they literally make it, then lend it to us so they can make even MORE money off of it.

Money As A Religion
The above-detailed process has become so ridiculous that William Grieder, former assistant managing editor of the Washington Post, wrote a book in 1987 entitled, "Secrets of the Temple: How the Federal Reserve Runs the Country" that details how the Controllers have conditioned us to accept this absurd situation.

To modern minds," he writes, "it seemed bizarre to think of the Federal Reserve as a religious institution. Yet the conspiracy theorists, in their own demented way, were on to something real and significant. The Fed did also function in the realm of religion. Its mysterious powers of money creation, inherited from priestly forebears, shielded a complex bundle of social and psychological meanings. With its own form of secret incantation, the Federal Reserve presided over awesome social ritual, transactions so powerful and frightening they seemed to lie beyond common understanding.
"
Mr. Grieder continues, "Above all, money was a function of faith. It required implicit and universal social consent that was indeed mysterious. To create money and use it, each one must believe, and everyone must believe. Only then did worthless pieces of paper take on value.
"
Do you get it? MONEY is an ILLUSION! Why? Because the gold standard upon which our money is supposed to be based has been eliminated. There's no more gold in Fort Knox. It's all GONE! Now, money really IS only paper!!! In the past, money was supposed to represent something of tangible value.
Now it's simply paper!
Taken one step further, many of us don't even use paper money any more! Why? Well, here's a scenario. Many places of employment directly deposit their employee's paychecks into the bank. Once the money is there, when bill time comes around, the person in question can write out a stack of checks to pay them. Plus, when they need gasoline they use a credit card; and groceries a debit card. If this person goes out for dinner on Friday night, they can charge the tab on their diner's card. But what about the tip? They simply scribble in the amount at the bottom of the check. So far, the person hasn't spent a single dollar bill. Plus, if you bring electronic banking into the picture, we've virtually eliminated the use for money.
And, God forbid, what happens when encoded microchips are implanted into the backs of our hand?
In essence, money has become nothing more than an illusion - an electronic figure or amount on a computer screen. That's it! As time goes on, we have an increasing tendency toward being sucked into this Wizard of Oz vortex of unreality. Think about it. Americans as a whole are carrying more personal debt than in any other time in history. Plus our government keeps going further and further into the hole, with no hope of ever crawling out. But we have less and less actual MONEY! We're being enslaved by the debt of electronic blips on a computer screen! And 70% of the banks that control this debt via the Federal Reserve exist in foreign countries! What in God's name is going on? As author William Bramley says, "The result of this whole system is MASSIVE debt at every level of society.
"
We're getting screwed in a sickening way, folks, and the people doing it are demented magician-priests that use the ILLUSION of money as their control device. And I hate to say it, but if we allow things to keep going as they are, the situation will only get worse. Our only hope ... ONLY HOPE ... is to immediately take drastic action and remedy this crime.

(to be continued)
 Quoting: utopia


Yes, i get it. We are destroying our beautiful planet for paper and ink, which is worse than destorying it for gold and silver. Allowing ourselves to be enslaved for crap we don't need, and holding self appointed rulers.

Just keep your fingers crossed...times are changing.
Patrick Bateman

User ID: 1511900
United States
08/23/2011 01:08 PM
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Re: Paper takedown in Gold/Silver being attempted right now !
you can't eat gold/silver !
5a
 Quoting: Anonymous Coward 1440812


true, but you can definitely sell it for more than you purchased it for, hence a nice profit.
Anonymous Coward
User ID: 1498218
United States
08/23/2011 01:26 PM
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Re: Paper takedown in Gold/Silver being attempted right now !
this is nothing.

wait until friday announcement from jackson's hole.

LOOK OUT BELOW!!!

RECORD ONE DAY LOSS!
Anonymous Coward
User ID: 1516692
United States
08/23/2011 01:30 PM
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Re: Paper takedown in Gold/Silver being attempted right now !
this is nothing.

wait until friday announcement from jackson's hole.

LOOK OUT BELOW!!!

RECORD ONE DAY LOSS!
 Quoting: Anonymous Coward 1498218


LOL... clueless you are... clueless.
Anonymous Coward
User ID: 1498218
United States
08/23/2011 01:34 PM
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Re: Paper takedown in Gold/Silver being attempted right now !
headline this friday: "Gold falls after Bernanke says no QE3"
Deej

User ID: 1494961
United States
08/23/2011 01:41 PM

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Re: Paper takedown in Gold/Silver being attempted right now !
Dow futures being "GOOSED" to the moon up +180 right now !

[link to www.sgxniftydowfutureslive.com]
 Quoting: Liquidator


down 200
No matter what happens... just say "Thank You." - D W Fierce
vor

User ID: 1515561
United States
08/23/2011 09:37 PM
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Re: Paper takedown in Gold/Silver being attempted right now !
headline this friday: "Gold falls after Bernanke says no QE3"
 Quoting: Anonymous Coward 1498218

QE3 is already happening; Bernanke is still trying to hide the fact. Does Wall Street really need a formal announcement?

Biden was over in China recently begging the Chinese to buy more of our crappy securities. Biden will fail to convince them just like Hilary failed.

There is already a rumble about QE4.

News








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